But perhaps the most interesting part of the report is the iWatch's display which is allegedly flexible. Last year, it was rumored that Apple is toying with the idea of using flexible displays for its iWatch. Apple declined to comment on the report.

Sources told the Times that Apple's smartwatch will be the company's most ambitious project to date. Apple has invested an enormous amount of time and money into the wearable, which will ship next year.

It will be more accurate than other fitness trackers in the market, the report said. In addition, the iWatch is expected to support wireless charging. Apple even tried using solar charging, but the experiment reportedly flopped.

The Author

Gene Ryan BrionesGene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.